Nanjing Sinolife United Co (HKSE:03332) Total Assets : HK$552.8 Mil (As of Dec. 2023)

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What is Nanjing Sinolife United Co Total Assets?

Nanjing Sinolife United Co's Total Assets for the quarter that ended in Dec. 2023 was HK$552.8 Mil.

During the past 12 months, Nanjing Sinolife United Co's average Total Assets Growth Rate was 4.50% per year. During the past 3 years, the average Total Assets Growth Rate was -1.30% per year. During the past 5 years, the average Total Assets Growth Rate was -6.90% per year. During the past 10 years, the average Total Assets Growth Rate was 15.10% per year.

During the past 12 years, Nanjing Sinolife United Co's highest 3-Year average Total Assets Growth Rate was 105.70%. The lowest was -14.90%. And the median was -1.30%.

Total Assets is connected with ROA %. Nanjing Sinolife United Co's annualized ROA % for the quarter that ended in Dec. 2023 was 10.26%. Total Assets is also linked to Revenue through Asset Turnover. Nanjing Sinolife United Co's Asset Turnover for the quarter that ended in Dec. 2023 was 0.71.

Nanjing Sinolife United Co Total Assets Historical Data

The historical data trend for Nanjing Sinolife United Co's Total Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Nanjing Sinolife United Co Total Assets Chart

Nanjing Sinolife United Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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603.91

533.13

477.68

487.99

552.82

Nanjing Sinolife United Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Assets	Get a 7-Day Free Trial															477.68	451.23	487.99	503.42	552.82

Nanjing Sinolife United Co Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

Nanjing Sinolife United Co's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	413.524	+	139.293
	=	552.8

Nanjing Sinolife United Co's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2023 )	+	Total Liabilities (Q: Dec. 2023 )
	=	413.524	+	139.293
	=	552.8

Nanjing Sinolife United Co (HKSE:03332) Total Assets Explanation

Total Assets is connected with ROA %.

Nanjing Sinolife United Co's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	54.208	/	( (503.416	+	552.817)	/ 2 )
	=	54.208	/	528.1165
	=	10.26 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2023) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

Nanjing Sinolife United Co's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	377.385	/	( (503.416	+	552.817)	/ 2 )
=	377.385	/	528.1165
=	0.71

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

Nanjing Sinolife United Co Total Assets Related Terms

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Nanjing Sinolife United Co (HKSE:03332) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Nanjing Sinolife United Co Ltd (HKSE:03332) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

188 Chang Jiang Road, 8th Floor, Deji Building, Block E-2, Xuanwu District, Jiangsu Province, Nanjing, CHN

Website

http://www.zs-united.com

Nanjing Sinolife United Co Ltd is a China-based company, that engages in the manufacturing and sale of nutritional supplements and packaged health food products in the PRC, Australia, and New Zealand. It is also involved in the sale of packaged health food products and the sale of cosmetics and skin care products. The company's products include Good Health, Zhongsheng, Hejian, and Cobayer. The group has a business presence in the PRC, New Zealand, Australia, Vietnam, and other countries, from which it derives a majority of its revenue from China.

Executives

Gui Pinghu	2101 Beneficial owner
Wu Yanmei	2202 Interest of your spouse
Genwealth Group Holding Company Limited	2201 Interest of corporation controlled by you
Hin Sang Group (international) Holding Co. Ltd.	2101 Beneficial owner
Kwan Lai Man	2201 Interest of corporation controlled by you
Pang Siu Hin	2201 Interest of corporation controlled by you

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